secwatch.observer — SEC 8-K summary
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Issuer:     TON Strategy Co (TONX)
CIK:        0001566610
Form:       8-K/A
Filed at:   2024-09-06T23:59:59+00:00
Accession:  0001493152-24-035331
Event type: regulatory
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Verb Technology gets Nasdaq delisting exception until Oct 21; will seek reverse split approval
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- Nasdaq granted temporary exception until Oct 21, 2024 for Verb to regain compliance with Bid Price Rule.
- Company's stock closed below $0.10 for 10 consecutive days, triggering low-priced stock delisting rule.
- Annual meeting set for Sep 26, 2024 to vote on reverse stock split in range 1:5 to 1:200.
- Company expects to implement reverse split by Oct 2 if non-compliance persists; failure by Oct 21 leads to delisting.
- Company will also consider other measures before resorting to reverse split.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1566610/000149315224035331/0001493152-24-035331-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1566610/000149315224035331/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-035331

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